2020-12-10T11:21:48-06:00 2020-07-31 611129886 KELLEY GALLOWAY SMITH GOOLSBY PSC 1200 CORPORATE COURT PO BOX 990 ASHLAND KY 411050990 990 2019-08-01 610492351 ALICE LLOYD COLLEGE ALIC 6063682101 100 PURPOSE ROAD PIPPA PASSES KY 41844 DAVID JOHNSON ASSISTANT TREASURER 6063686031 2020-11-30 true LORI F DEARFIELD CPA P00846508 6063291811 2020-12-08 2019 2022-09-23 18:48:47Z DAVID JOHNSON 43289234 false X WWW.ALC.EDU X 1922 KY THE MISSION OF ALICE LLOYD COLLEGE IS TO PROVIDE MOUNTAIN STUDENTS A QUALITY CHARACTER-BASED EDUCATION, REGARDLESS OF THEIR FINANCIAL ABILITY, AND TO PREPARE THEM FOR LEADERSHIP AND SERVICE IN THE APPALACHIAN REGION. NO STUDENT HAS EVER BEEN TURNED AWAY BECAUSE OF AN INABILITY TO PAY. 23 23 282 300 0 14166473 13958530 10047969 9649397 1959835 1222641 -71738 639 26102539 24831207 2204892 2209689 0 8034009 7322693 0 1513784 6670991 7726978 16909892 17259360 9192647 7571847 103393374 112488977 2657742 2578488 100735632 109910489 X THE MISSION OF ALICE LLOYD COLLEGE IS TO PROVIDE MOUNTAIN STUDENTS A QUALITY CHARACTER-BASED EDUCATION, REGARDLESS OF THEIR FINANCIAL ABILITY, AND TO PREPARE THEM FOR LEADERSHIP AND SERVICE IN THE APPALACHIAN REGION. NO STUDENT HAS EVER BEEN TURNED AWAY BECAUSE OF AN INABILITY TO PAY. false false 2910692 528893 INSTRUCTION ALICE LLOYD COLLEGE (ALC) HAD AN ENROLLMENT OF 584 STUDENTS FOR THE FALL 2020 SEMESTER. FULL-TIME STUDENTS FROM OUR 108-COUNTY SERVICE AREA (INCLUDES PARTS OF KY, OH, TN, VA, AND WV) ARE GUARANTEED ABSOLUTELY NO OUT OF POCKET COSTS FOR TUITION. ALC IS ONE OF ONLY NINE WORK COLLEGES IN THE NATION THAT REQUIRES ALL FULL-TIME STUDENTS TO WORK AS A CONDITION FOR ENROLLMENT. EACH YEAR, THE COLLEGE SUPPORTS MANY ALUMNI AT GRADUATE AND PROFESSIONAL SCHOOLS THROUGH ITS CANEY SCHOLARS PROGRAM WITH NINE PURSUING MEDICAL DEGREES, 15 PURSUING PHARMACY AND NURSING DEGREES, EIGHT PURSUING PHYSICIAN ASSISTANT AND PHYSICAL THERAPY DEGREES, FIVE PURSUING DENTISTRY AND OPTOMETRY DEGREES, FOUR PURSUING SOCIAL WORK DEGREES, AND 13 PURSUING LAW, ENGINEERING, AND OTHER GRADUATE DEGREES. ALC PROVIDED 2,209,689 IN INSTITUTIONAL LEADERSHIP GRANTS AND 682,555 IN INSTITUTIONAL STUDENT WORK GRANTS FOR THE 2019-2020 FISCAL YEAR. THE PROGRAM SERVICE ACCOMPLISHMENTS INCLUDED GRADUATING 91 STUDENTS IN MAY 2020 WITH 31 PERCENT HAVING NO STUDENT LOAN DEBT, WHILE 69 PERCENT HAD AN AVERAGE DEBT OF 12,778 WHILE ATTENDING ALICE LLOYD COLLEGE. ALICE LLOYD COLLEGE WAS FORCED TO BEGIN VIRTUAL LEARNING IN MARCH 2020 AND THE REMAINDER OF THE SPRING SEMESTER DUE TO COVID-19. STUDENTS ACCOUNTS WERE ADJUSTED 251,240 FOR ROOM, BOARD, AND COMMUTER FEES IN AN EFFORT TO REDUCE THEIR ACCOUNT BALANCES FOR THE PERIOD OF TIME THEY WERE FORCED TO TRANSITION TO VIRTUAL LEARNING. ALSO, THE COLLEGE RECEIVED CARES ACT HEERF FUNDS AND DISTRIBUTED FUNDS DIRECTLY TO STUDENTS. THESE FUNDS WERE TO OFFSET THE "DISRUPTION OF CAMPUS ACTIVITIES DUE TO THE CORONOVIRUS." ALICE LLOYD COLLEGE AND THE JUNE BUCHANAN SCHOOL ARE PROVIDING IN-CLASS EDUCATION TO ALL STUDENTS FOR THE 2020-2021 SCHOOL YEAR. STUDENTS ARE ON CAMPUS AND ATTENDING IN-PERSON CLASSES IN ORDER TO OFFER STUDENTS A CHARACTER BASED EDUCATION AS MANDATED IN THE COLLEGE'S MISSION. 2272206 125062 AUXILIARY AUXILIARY COLLEGE HOUSING AND MEAL PLAN, ALONG WITH THE CAMPUS BOOKSTORE AND CAF, ARE PRIMARILY PART OF THE AUXILIARY SERVICES. THE CAMPUS HAS THE CAPACITY TO HOUSE NEARLY 525 STUDENTS WITH 485 STUDENTS LIVING IN THE DORMS FOR FALL 2020. THE COLLEGE CONTINUES TO PROVIDE STUDENTS WITH THE CLASS SCHEDULE AND CLASS BOOK ADOPTION ONLINE, AND GIVES STUDENTS THE OPTION TO EITHER PURCHASE OR RENT BOOKS THROUGH AN ONLINE SERVICE OR OTHER ONLINE BOOK MARKET. STUDENTS BENEFIT BY BEING ABLE TO SHOP FOR BOOKS AT THE LOWEST COST, WHETHER THROUGH THE COLLEGE'S ONLINE SERVICE PROVIDER OR THROUGH THE GENERAL ONLINE BOOK SALES MARKET. THE JUNE BUCHANAN SCHOOL (JBS) HAD AN ENROLLMENT OF 123 STUDENTS FOR FALL 2020 WITH 10 STUDENTS ENROLLED IN ALC COURSES FOR THE FALL SEMESTER. THE CANEY HONORS ACHIEVEMENT PROGRAM (CHAP) ENABLES JBS STUDENTS TO CHALLENGE THEMSELVES FURTHER IN THEIR STUDIES AND RECEIVE COLLEGE CREDITS WHILE IN HIGH SCHOOL. AT BOTH ALICE LLOYD COLLEGE AND THE JUNE BUCHANAN SCHOOL STUDENTS HAVE CONTINUED TO ATTEND CLASSES IN-PERSON. AUXILIARY SERVICES, ESPECIALLY FOOD SERVICE, HAVE CHANGED THEIR OPERATIONS TO SERVICE ALL STUDENTS SAFELY OFFERING BOTH A DINE IN OPTION AND TAKEOUT SERVICE. PHYSICAL PLANT HAS WORKED HARD TO MAINTAIN ENHANCED CLEANING OF DORMS AND CLASSROOMS TO KEEP STUDENTS SAFE. ALICE LLOYD COLLEGE HAS CONTINUED CONSTRUCTION OF TWO NEW WOMEN'S DORM FACILITIES WITH THE FIRST, HERMANN HALL, BEING COMPLETE IN APRIL 2021. THE SECOND DORM, HOLMES HALL, IS SCHEDULED TO BE COMPLETED IN AUGUST 2022. TOTAL OCCUPANCY IS ANTICIPATED TO BE 300 STUDENTS WITH ONLY TWO STUDENTS TO A ROOM. ALICE LLOYD COLLEGE WILL CONSTRUCT THESE TWO NEW DORMS WITHOUT INCURRING ANY LONG-TERM DEBT. 2069983 376812 STUDENT SERVICES STUDENT SERVICES PROGRAMS INCLUDE LEADERSHIP, EDUCATION, ATHLETICS, INTRAMURALS, COUNSELING, CAREER PLACEMENT, STUDENT ACTIVITIES BOARD (WHICH PLANS A STUDENT ACTIVITIES CALENDAR EACH SEMESTER), DINING FACILITIES, DORMITORY FACILITIES, BRIDGE PROGRAM (WHICH HELPS STUDENTS MAKE THE TRANSITION FROM HIGH SCHOOL TO COLLEGE), CONVOCATION SERIES, POLICE DEPARTMENT, AND SUMMER AND FALL ORIENTATIONS. STUDENT SERVICES HAS ALSO BEEN INVOLVED IN THE DEVELOPMENT, DESIGN, AND NEW CONSTRUCTION OF THE COLLEGE'S NEW WOMEN'S DORM FACILITIES. THE FACILITIES WILL HOUSE 300 STUDENTS AND REPLACE THE EXISTING WOMENS DORM WHICH WAS BUILT IN 1980. STUDENT SERVICES HAS BEEN INVOLVED, ALONG WITH ACADEMICS AND THE COLLEGE WORK PROGRAM, IN MANY COMMUNITY SERVICE PROJECTS DURING FISCAL YEAR 2019- 2020. THE COLLEGE LEADERSHIP PROGRAM ALONG WITH OTHER CAMPUS ORGANIZATIONS PARTICIPATED IN A FOOD BOX DRIVE WITH CAMPUS MINISTRIES, CHILDREN'S TOY DRIVE FOR CINCINNATI CHILDREN'S HOSPITAL, KINGDOM KID'S CHRISTMAS PROGRAM WITH PRESTONSBURG CHURCH OF GOD, TRUNK OR TREAT SAFE HALLOWEEN EVENT FOR THE COMMUNITY ON THE ALICE LLOYD COLLEGE CAMPUS WITH MANY OTHER CAMPUS ORGANIZATIONS, AND AN EMERGENCY SUPPLY DRIVE THROUGH CUMBERLAND UNITED METHODIST CHURCH. THE ACADEMIC FRATERNITY, PHI BETA LAMDA (PBL), WAS ACTIVE IN THE POWER UP WITH NUTRITION PROGRAM, DONATING 30 BAGS OF FOOD EACH WEEK FOR LOCAL NEEDY ELEMENTARY STUDENTS. PBL CONDUCTED A BREAST CANCER AWARENESS CAMPAIGN DURING OCTOBER 2019 AND COLLECTED MONEY FROM STUDENTS FOR THE SUSAN G. KOMEN FOUNDATION. PBL ALSO PARTICIPATED IN THE ANNUAL MARCH OF DIMES FUNDRAISING CAMPAIGN AND RAISED FUNDS FOR HOPE LODGE ALONG WITH ATHLETIC TEAMS TO HELP SERVE KENTUCKY FAMILITIES WHO ARE DEALING WITH CANCER. STUDENTS IN THE COLLEGE WORK-STUDY PROGRAM PARTICIPATED IN APPROXIMATELY 25,000 HOURS OF COMMUNITY SERVICE. COMMUNITY SERVICE INCLUDED PROVIDING READING/MATH TUTORS TO LOCAL SCHOOLS, SERVING AS CHILD CARE WORKERS IN THE CAMPUS DAYCARE, PROVIDING CAMPUS SAFETY SUPPORT THROUGH THE SECURITY DEPARTMENT, PROVIDING AFTER SCHOOL SUPPORT FOR THE CAMPUS K-12 PROGRAM, AND MANY OTHER FUNCTIONS VITAL TO BOTH THE CAMPUS AND LOCAL COMMUNITY. STUDENTS WERE UNABLE TO PARTICIPATE IN IN-PERSON COMMUNITY SERVICE ACTIVITIES DURING THE SPRING 2020 SEMESTER BEGINNING IN MARCH BECAUSE STUDENTS COULD NOT RETURN TO CAMPUS DUE TO THE CORONAVIRUS. 6492093 2567128 ACADEMIC EXPENSES 3,157,640. INCLUDING GRANTS OF 74,512. REVENUE 0. JUNE BUCHANAN EXPENSES 998,502. INCLUDING GRANTS OF 51,750. REVENUE 0. STUDENT AID EXPENSES 2,209,689, INCLUDING GRANTS OF 2,209,689. REVENUE 0. 6492093 2567128 13744974 true true false true false false false false false true true true false false true false true false true false false false false false false false false false true true false false false false false true true false true false false false false false false false false true 869 0 true 282 true false false false false false false false false false false false false false false X 23 23 true false false false false false false true true false false false true true true false true true true false KY X DAVID JOHNSON ALICE LLOYD COLLEGE 6063686031 100 PURPOSE ROAD PIPPA PASSES KY 41844 JOE STEPP PRESIDENT 70.00 X 185604 0 42423 DAVID JOHNSON ASSISTANT TR 50.00 X 99316 0 32225 DWIGHT J BAUM MEMBER X 0 0 0 ROBERT M DUNCAN CHAIRMAN X X 0 0 0 JERRY L EDWARDS MEMBER X 0 0 0 JULIE DAVIS HOPKINS MEMBER X 0 0 0 GEORGE NICHOLS III MEMBER X 0 0 0 MARK T JOHNSON MEMBER X 0 0 0 WILLIAM J REIK JR MEMBER X 0 0 0 KIMBERLY JONES MEMBER X 0 0 0 HILDA G LEGG VICE CHAIRMA X X 0 0 0 LARRY M LESLIE MD SECRETARY/TR X X 0 0 0 LOWELL D MARTIN MD MEMBER X 0 0 0 RACHEL D MULLINAX MEMBER X 0 0 0 CHARLES T MARSHALL MEMBER X 0 0 0 DAVID W MARTIN MEMBER X 0 0 0 STEVEN NEIL MIDDLETON MEMBER X 0 0 0 BEN PARK MEMBER X 0 0 0 KAREN R SELLERS MEMBER X 0 0 0 ROBERT W FINLEY SR MEMBER X 0 0 0 KEVIN SMITH MEMBER X 0 0 0 JANNA P VICE MEMBER X 0 0 0 HENRY WEBB MEMBER X 0 0 0 DR ANTHONY YONTS MEMBER X 0 0 0 284920 74648 2 false true false RISING SUN DEVELOPMENT INC 2555 PALUMBO DRIVE STE 10 LEXINGTON KY 40509 CONSTRUCTION 2748179 PIONEER COLLEGE CATERERS INC 25055 W VALLEY PKWY SUITE 120 OLATHE KS 66061 FOOD SERVICE 895399 ELLIOTT CONSTRACTING INC PO BOX 3038 PIKEVILLE KY 41502 CONTRACTING 722161 JRA 3225 SUMMIT SQUARE PLACE LEXINGTON KY 40509 CONTRACTING 678149 CODEL 4475 ROCKWELL ROAD WINCHESTER KY 40391 CONTRACTING 278720 14 1221453 12737077 388887 13958530 STUDENT TUITION & FEES 6365028 6365028 ROOM & BOARD 2863838 2863838 JUNE BUCHANAN SCHOOL 298927 298927 FAC./STAFF HOUSING 71800 71800 PRE-SCHOOL TUITION 49804 49804 9649397 1899435 1899435 17612551 18333340 -43995 -720789 43995 -676794 -676794 138978 168682 -29704 -29704 OTHER INCOME 24789 24789 ANNUITY INCOME 18921 18921 CHANGE IN DISCOUNT & ALLOWANC -13367 -13367 30343 24831207 8973242 1899435 2209689 2209689 398834 191128 99316 108390 5413801 4251449 734227 428125 1510058 1085927 270465 153666 29141 29141 145715 145715 62802 62802 1000724 255282 11259 734183 33694 30004 1290 2400 165263 165263 106499 39127 27846 39526 1835944 1808310 15758 11876 325358 325358 OPERATION AND MAINTENANCE 1557002 1533566 13364 10072 OTHER 1077422 809217 242659 25546 FOOD COSTS 727401 727401 TELEPHONE 436774 415372 21402 223239 223239 17259360 13744974 2000602 1513784 6569557 7430551 151039 112406 54866 64191 343379 342651 77977137 33079214 37439175 44897923 58436011 59109375 399347 531880 103393374 112488977 1988632 1893980 38257 30352 630853 654156 2657742 2578488 X 71829607 82732466 28906025 27178023 100735632 109910489 103393374 112488977 X 7571847 1718440 -115430 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 5443 5443 false SCHEDULE C, PART I-A, LINE 1 GENERAL LOBBYING OF THE US CONGRESS WAS IN SUPPORT OF EDUCATION RELATED TO APPROPRIATIONS AND CONDUCTED THROUGH THE WORK COLLEGE CONSORTIUM LOBBYING SERVICES PROVIDED BY ARENT FOX, LLC OF WHICH ALICE LLOYD COLLEGE'S PORTION WAS 5,442.77. 45026330 878149 1685012 47589491 43329427 605742 1959964 868803 45026330 40783945 724359 2577606 856483 43329427 38008067 322615 3111701 908438 40783945 37046188 268540 1484012 890673 38008067 0.48560 0.51440 false false 1356095 1356095 55761329 20343863 35417466 13839946 12735351 1104595 7019767 7019767 44897923 OTHER SECURITIES 59109375 F 59109375 ANNUITY ADVANCES 654156 654156 24999889 168682 168682 24831207 24831207 17428042 168682 168682 17259360 17259360 SCHEDULE D, PAGE 2, PART V, LINE 4 ALICE LLOYD COLLEGE PROVIDES A LIBERAL ARTS EDUCATION TO STUDENTS FROM A 108 COUNTY AREA IN APPALACHIA. A MAJORITY OF STUDENTS ATTENDING ALICE LLOYD COLLEGE ARE FIRST GENERATION STUDENTS WITH LIMITED RESOURCES TO ATTEND INSTITUTIONS OF HIGHER EDUCATION. ALICE LLOYD COLLEGE DEPENDS UPON DONATIONS AND THE ENDOWMENT TO HELP STUDENTS FINANCIALLY THROUGH THE COLLEGE LEADERSHIP SCHOLARSHIP. STUDENTS ATTENDING ALICE LLOYD COLLEGE FROM THE 108 COUNTY AREA IN APPALACHIA PAY 0 TUITION. THE COLLEGE ENDOWMENT IS PREDOMINANTLY USED TO FUND ALICE LLOYD COLLEGE'S LEADERSHIP AND OTHER SCHOLARSHIPS WHICH TOTALED IN EXCESS OF 2.2 MILLION IN FISCAL YEAR 2019-2020 AND WAS APPLIED TOWARDS THE COST OF TUITION. THE ENDOWMENT ALLOWS ALICE LLOYD COLLEGE TO ASSIST STUDENTS IN MAINTAINING A LOW GRADUATION DEBT. THE LAST SEVERAL YEARS ALICE LLOYD COLLEGE HAS RANKED AT OR NEAR THE TOP NATIONALLY IN LOW STUDENT DEBT. SCHEDULE D, PAGE 4, PART XI, LINE 2D BOOKSTORE COST OF GOODS SOLD 168,682 SCHEDULE D, PAGE 4, PART XII, LINE 2D BOOKSTORE COST OF GOODS SOLD 168,682 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 COLLEGE CATALOG; PUBLISHED IN AREA NEWSPAPERS, RADIO AND TELEVISION ADVERTISEMENT; POLICIES ARE ALSO PUBLISHED AT SUMMER ORIENTATION FOR STUDENTS AND FAMILIES. SCHEDULE E, LINE 6 THE COLLEGE RECEIVES FINANCIAL AID FOR ITS STUDENTS UNDER TITLE IV FINANCIAL AID PROGRAMS: PELL, FCWS, SEOG, AND STUDENT LOANS. THE COLLEGE ADHERES TO ALL POLICIES AND PROCEDURES FOR THE RECORDING AND DISBURSEMENT OF SUCH FUNDS. true SCHOLARSHIP/STUDENT AID 581 2209689 SCHEDULE I, PAGE 1, PART I, LINE 2 STUDENT FINANCIAL AID PROCEDURES TYPICALLY FOLLOWED BY COLLEGES IN THE UNITED STATES USING FAFSA AND THE COLLEGE'S FINANCIAL AID APPLICATION CRITERIA. FEDERAL GRANTS ARE SUBJECT TO THE SINGLE AUDIT ACT OF THE UNITED STATES. SCHEDULE I, PAGE 4, PART IV SCHEDULE I, PART III- SCHOLARSHIPS/STUDENT AID GRANTS - INCLUDES PRIMARILY ROOM AND BOARD, BOOKS AND SUPPLIES ASSISTANCE. THE AMOUNT OF TUITION SCHOLARSHIPS/STUDENT AID FOR THE YEAR WAS 2,209,689. X X true true X false false false false false false false false false JOE STEPP PRESIDENT 185604 29364 13059 228027 ROBERT FINLEY- OPPENHEIMER BOARD MEMBER ROBERT FINLEY false JAMES O STEPP EXECUTIVE VP JAMES O. STEPP false SCHEDULE L, PART V PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: ROBERT FINLEY - OPPENHEIMER & COMPANY (D) DESCRIPTION OF TRANSACTION: ROBERT FINLEY IS A PAID BROKER/INVESTMENT ADVISOR FOR THE COLLEGE THROUGH OPPENHEIMER & COMPANY. ROBERT FINLEY, BOARD MEMBER, IS AN EMPLOYEE OF OPPENHEIMER & COMPANY WHO HANDLES THE COLLEGE'S INVESTMENTS. (A) NAME OF PERSON: JAMES O. STEPP (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: EXECUTIVE VICE PRESIDENT (D) DESCRIPTION OF TRANSACTION: JAMES O. STEPP RECEIVES TAXABLE COMPENSATION FROM THE COLLEGE AS THE EXECUTIVE VICE PRESIDENT AND HAS BEEN EMPLOYED WITH THE COLLEGE SINCE 1985 AND IS THE BROTHER TO THE PRESIDENT, JOE A. STEPP. W-2 WAGES FOR 2019 WERE 108,390. X 12 388887 NYSE AND NASDAQ false false false FORM 990 - ORGANIZATION'S MISSION THE MISSION OF ALICE LLOYD COLLEGE IS TO PROVIDE MOUNTAIN STUDENTS A QUALITY CHARACTER-BASED EDUCATION, REGARDLESS OF THEIR FINANCIAL ABILITY, AND TO PREPARE THEM FOR LEADERSHIP AND SERVICE IN THE APPALACHIAN REGION. NO STUDENT HAS EVER BEEN TURNED AWAY BECAUSE OF AN INABILITY TO PAY. FORM 990, PAGE 2, PART III, LINE 4A INSTRUCTION ALICE LLOYD COLLEGE (ALC) HAD AN ENROLLMENT OF 584 STUDENTS FOR THE FALL 2020 SEMESTER. FULL-TIME STUDENTS FROM OUR 108-COUNTY SERVICE AREA (INCLUDES PARTS OF KY, OH, TN, VA, AND WV) ARE GUARANTEED ABSOLUTELY NO OUT OF POCKET COSTS FOR TUITION. ALC IS ONE OF ONLY NINE WORK COLLEGES IN THE NATION THAT REQUIRES ALL FULL-TIME STUDENTS TO WORK AS A CONDITION FOR ENROLLMENT. EACH YEAR, THE COLLEGE SUPPORTS MANY ALUMNI AT GRADUATE AND PROFESSIONAL SCHOOLS THROUGH ITS CANEY SCHOLARS PROGRAM WITH NINE PURSUING MEDICAL DEGREES, 15 PURSUING PHARMACY AND NURSING DEGREES, EIGHT PURSUING PHYSICIAN ASSISTANT AND PHYSICAL THERAPY DEGREES, FIVE PURSUING DENTISTRY AND OPTOMETRY DEGREES, FOUR PURSUING SOCIAL WORK DEGREES, AND 13 PURSUING LAW, ENGINEERING, AND OTHER GRADUATE DEGREES. ALC PROVIDED 2,209,689 IN INSTITUTIONAL LEADERSHIP GRANTS AND 682,555 IN INSTITUTIONAL STUDENT WORK GRANTS FOR THE 2019-2020 FISCAL YEAR. THE PROGRAM SERVICE ACCOMPLISHMENTS INCLUDED GRADUATING 91 STUDENTS IN MAY 2020 WITH 31 PERCENT HAVING NO STUDENT LOAN DEBT, WHILE 69 PERCENT HAD AN AVERAGE DEBT OF 12,778 WHILE ATTENDING ALICE LLOYD COLLEGE. ALICE LLOYD COLLEGE WAS FORCED TO BEGIN VIRTUAL LEARNING IN MARCH 2020 AND THE REMAINDER OF THE SPRING SEMESTER DUE TO COVID-19. STUDENTS ACCOUNTS WERE ADJUSTED 251,240 FOR ROOM, BOARD, AND COMMUTER FEES IN AN EFFORT TO REDUCE THEIR ACCOUNT BALANCES FOR THE PERIOD OF TIME THEY WERE FORCED TO TRANSITION TO VIRTUAL LEARNING. ALSO, THE COLLEGE RECEIVED CARES ACT HEERF FUNDS AND DISTRIBUTED FUNDS DIRECTLY TO STUDENTS. THESE FUNDS WERE TO OFFSET THE "DISRUPTION OF CAMPUS ACTIVITIES DUE TO THE CORONOVIRUS." ALICE LLOYD COLLEGE AND THE JUNE BUCHANAN SCHOOL ARE PROVIDING IN-CLASS EDUCATION TO ALL STUDENTS FOR THE 2020-2021 SCHOOL YEAR. STUDENTS ARE ON CAMPUS AND ATTENDING IN-PERSON CLASSES IN ORDER TO OFFER STUDENTS A CHARACTER BASED EDUCATION AS MANDATED IN THE COLLEGE'S MISSION. FORM 990, PAGE 2, PART III, LINE 4B AUXILIARY AUXILIARY COLLEGE HOUSING AND MEAL PLAN, ALONG WITH THE CAMPUS BOOKSTORE AND CAF, ARE PRIMARILY PART OF THE AUXILIARY SERVICES. THE CAMPUS HAS THE CAPACITY TO HOUSE NEARLY 525 STUDENTS WITH 485 STUDENTS LIVING IN THE DORMS FOR FALL 2020. THE COLLEGE CONTINUES TO PROVIDE STUDENTS WITH THE CLASS SCHEDULE AND CLASS BOOK ADOPTION ONLINE, AND GIVES STUDENTS THE OPTION TO EITHER PURCHASE OR RENT BOOKS THROUGH AN ONLINE SERVICE OR OTHER ONLINE BOOK MARKET. STUDENTS BENEFIT BY BEING ABLE TO SHOP FOR BOOKS AT THE LOWEST COST, WHETHER THROUGH THE COLLEGE'S ONLINE SERVICE PROVIDER OR THROUGH THE GENERAL ONLINE BOOK SALES MARKET. THE JUNE BUCHANAN SCHOOL (JBS) HAD AN ENROLLMENT OF 123 STUDENTS FOR FALL 2020 WITH 10 STUDENTS ENROLLED IN ALC COURSES FOR THE FALL SEMESTER. THE CANEY HONORS ACHIEVEMENT PROGRAM (CHAP) ENABLES JBS STUDENTS TO CHALLENGE THEMSELVES FURTHER IN THEIR STUDIES AND RECEIVE COLLEGE CREDITS WHILE IN HIGH SCHOOL. AT BOTH ALICE LLOYD COLLEGE AND THE JUNE BUCHANAN SCHOOL STUDENTS HAVE CONTINUED TO ATTEND CLASSES IN-PERSON. AUXILIARY SERVICES, ESPECIALLY FOOD SERVICE, HAVE CHANGED THEIR OPERATIONS TO SERVICE ALL STUDENTS SAFELY OFFERING BOTH A DINE IN OPTION AND TAKEOUT SERVICE. PHYSICAL PLANT HAS WORKED HARD TO MAINTAIN ENHANCED CLEANING OF DORMS AND CLASSROOMS TO KEEP STUDENTS SAFE. ALICE LLOYD COLLEGE HAS CONTINUED CONSTRUCTION OF TWO NEW WOMEN'S DORM FACILITIES WITH THE FIRST, HERMANN HALL, BEING COMPLETE IN APRIL 2021. THE SECOND DORM, HOLMES HALL, IS SCHEDULED TO BE COMPLETED IN AUGUST 2022. TOTAL OCCUPANCY IS ANTICIPATED TO BE 300 STUDENTS WITH ONLY TWO STUDENTS TO A ROOM. ALICE LLOYD COLLEGE WILL CONSTRUCT THESE TWO NEW DORMS WITHOUT INCURRING ANY LONG-TERM DEBT. FORM 990, PAGE 2, PART III, LINE 4C STUDENT SERVICES STUDENT SERVICES PROGRAMS INCLUDE LEADERSHIP, EDUCATION, ATHLETICS, INTRAMURALS, COUNSELING, CAREER PLACEMENT, STUDENT ACTIVITIES BOARD (WHICH PLANS A STUDENT ACTIVITIES CALENDAR EACH SEMESTER), DINING FACILITIES, DORMITORY FACILITIES, BRIDGE PROGRAM (WHICH HELPS STUDENTS MAKE THE TRANSITION FROM HIGH SCHOOL TO COLLEGE), CONVOCATION SERIES, POLICE DEPARTMENT, AND SUMMER AND FALL ORIENTATIONS. STUDENT SERVICES HAS ALSO BEEN INVOLVED IN THE DEVELOPMENT, DESIGN, AND NEW CONSTRUCTION OF THE COLLEGE'S NEW WOMEN'S DORM FACILITIES. THE FACILITIES WILL HOUSE 300 STUDENTS AND REPLACE THE EXISTING WOMENS DORM WHICH WAS BUILT IN 1980. STUDENT SERVICES HAS BEEN INVOLVED, ALONG WITH ACADEMICS AND THE COLLEGE WORK PROGRAM, IN MANY COMMUNITY SERVICE PROJECTS DURING FISCAL YEAR 2019- 2020. THE COLLEGE LEADERSHIP PROGRAM ALONG WITH OTHER CAMPUS ORGANIZATIONS PARTICIPATED IN A FOOD BOX DRIVE WITH CAMPUS MINISTRIES, CHILDREN'S TOY DRIVE FOR CINCINNATI CHILDREN'S HOSPITAL, KINGDOM KID'S CHRISTMAS PROGRAM WITH PRESTONSBURG CHURCH OF GOD, TRUNK OR TREAT SAFE HALLOWEEN EVENT FOR THE COMMUNITY ON THE ALICE LLOYD COLLEGE CAMPUS WITH MANY OTHER CAMPUS ORGANIZATIONS, AND AN EMERGENCY SUPPLY DRIVE THROUGH CUMBERLAND UNITED METHODIST CHURCH. THE ACADEMIC FRATERNITY, PHI BETA LAMDA (PBL), WAS ACTIVE IN THE POWER UP WITH NUTRITION PROGRAM, DONATING 30 BAGS OF FOOD EACH WEEK FOR LOCAL NEEDY ELEMENTARY STUDENTS. PBL CONDUCTED A BREAST CANCER AWARENESS CAMPAIGN DURING OCTOBER 2019 AND COLLECTED MONEY FROM STUDENTS FOR THE SUSAN G. KOMEN FOUNDATION. PBL ALSO PARTICIPATED IN THE ANNUAL MARCH OF DIMES FUNDRAISING CAMPAIGN AND RAISED FUNDS FOR HOPE LODGE ALONG WITH ATHLETIC TEAMS TO HELP SERVE KENTUCKY FAMILITIES WHO ARE DEALING WITH CANCER. STUDENTS IN THE COLLEGE WORK-STUDY PROGRAM PARTICIPATED IN APPROXIMATELY 25,000 HOURS OF COMMUNITY SERVICE. COMMUNITY SERVICE INCLUDED PROVIDING READING/MATH TUTORS TO LOCAL SCHOOLS, SERVING AS CHILD CARE WORKERS IN THE CAMPUS DAYCARE, PROVIDING CAMPUS SAFETY SUPPORT THROUGH THE SECURITY DEPARTMENT, PROVIDING AFTER SCHOOL SUPPORT FOR THE CAMPUS K-12 PROGRAM, AND MANY OTHER FUNCTIONS VITAL TO BOTH THE CAMPUS AND LOCAL COMMUNITY. STUDENTS WERE UNABLE TO PARTICIPATE IN IN-PERSON COMMUNITY SERVICE ACTIVITIES DURING THE SPRING 2020 SEMESTER BEGINNING IN MARCH BECAUSE STUDENTS COULD NOT RETURN TO CAMPUS DUE TO THE CORONAVIRUS. FORM 990, PAGE 2, PART III, LINE 4D ACADEMIC EXPENSES 3,157,640. INCLUDING GRANTS OF 74,512. REVENUE 0. JUNE BUCHANAN EXPENSES 998,502. INCLUDING GRANTS OF 51,750. REVENUE 0. STUDENT AID EXPENSES 2,209,689, INCLUDING GRANTS OF 2,209,689. REVENUE 0. FORM 990, PAGE 6, PART VI, LINE 2 JAMES O. STEPP JOE STEPP EXECUTIVE VP PRESIDENT BROTHERS FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT APPOINTED TO REVIEW FORM 990. THE GOVERNING BODY WILL RECEIVE A COPY OF THE FORM 990 IN DECEMBER WITH A LETTER ASKING THAT ANY QUESTIONS BE DIRECTED TO THE VICE PRESIDENT FOR BUSINESS AFFAIRS. THE 990 IS REVIEWED INTERNALLY BY THE PRESIDENT, EXECUTIVE SECRETARY, EXECUTIVE VICE PRESIDENT, VICE PRESIDENT FOR BUSINESS AFFAIRS, CONTROLLER, AND DIRECTOR OF HUMAN RESOURCES. VARIOUS PARTS ARE PREPARED AND EDITED BY THE DIRECTOR OF INSTITUTIONAL DEVELOPMENT, ACADEMIC DEAN, AND FINANCIAL AID DIRECTOR WITH INFORMATION FROM ALL DEPARTMENTS. FORM 990, PAGE 6, PART VI, LINE 12C THE COLLEGE HAS A CONFLICT OF INTEREST POLICY, AS WELL AS A CONFLICT OF INTEREST DISCLOSURE DOCUMENT THAT TRUSTEES AND EXECUTIVE DIRECTORS ARE ASKED TO SIGN, AND HAVE THEIR SIGNATURE WITNESSED EACH YEAR. THE DISCLOSURE DOCUMENT IS GIVEN TO THE TRUSTEES IN OCTOBER. THE SECRETARY TO THE PRESIDENT FOLLOWS UP WITH THOSE WHO DO NOT RETURN THEIR DOCUMENT WITHIN A REASONABLE PERIOD OF TIME. BEGINNING WITH THE JANUARY 2010 EXECUTIVE REPORT UNDER COLLEGE GOVERNANCE, THE CONFLICT OF INTEREST POLICY WILL BE REVIEWED ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A THE PRESIDENT'S SALARY IS SET BY THE BOARD OF TRUSTEES, UPON THE RECOMMENDATION OF THE EXECUTIVE COMMITTEE. THE PRESIDENT MAKES A RECOMMENDATION TO THE EXECUTIVE COMMITTEE, AND BOARD, FOR PAY INCREASES FOR LINE OFFICERS AND OTHER EMPLOYEES OF THE COLLEGE. THE PRESIDENT WILL PERIODICALLY (EVERY 2-3 YEARS) REQUEST A COMPARATIVE SALARY LIST FROM THE ASSOCIATION OF INDEPENDENT KENTUCKY COLLEGES AND UNIVERSITIES (AIKCU). FORM 990, PAGE 6, PART VI, LINE 15B THE PRESIDENT'S SALARY IS SET BY THE BOARD OF TRUSTEES, UPON THE RECOMMENDATION OF THE EXECUTIVE COMMITTEE. THE PRESIDENT MAKES A RECOMMENDATION TO THE EXECUTIVE COMMITTEE, AND BOARD, FOR PAY INCREASES FOR LINE OFFICERS AND OTHER EMPLOYEES OF THE COLLEGE. THE PRESIDENT WILL PERIODICALLY (EVERY 2-3 YEARS) REQUEST A COMPARATIVE SALARY LIST FROM THE ASSOCIATION OF INDEPENDENT KENTUCKY COLLEGES AND UNIVERSITIES (AIKCU). FORM 990, PAGE 6, PART VI, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 ANNUITY PAYMENTS -115,430